Distributing awards efficiently: More on King Solomon's problem
We consider a multi-award generalisation of King Solomon’s problem: k identical and indivisible awards should be distributed among agents, k 1) prizes efficiently in sub-game perfect equilibria without any monetary transfers in equilibrium. Finally, in the multi-awards case we relax the complete information assumption and achieve implementation of efficient allocation by iterative elimination of weakly dominated strategies, using generalisation of Olszewski’s (2003) mechanism.
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- Glazer, Jacob & Ma, Ching-To Albert, 1989. "Efficient allocation of a "prize"-King Solomon's dilemma," Games and Economic Behavior, Elsevier, vol. 1(3), pages 222-233, September.
- Perry, M. & Reny, P.J., 1995.
"A general solution to king Solomon's dilemma,"
1995-81, Tilburg University, Center for Economic Research.
- Bag, Parimal Kanti, 1996. "Efficient Allocation of a "Pie": Divisible Case of King Solomon's Dilemma," Games and Economic Behavior, Elsevier, vol. 12(1), pages 21-41, January.
- Parimal Kanti Bag; Hamid Sabourian, 2004.
"Distributing Awards Efficiently: More on King Solomon's Problem,"
Econometric Society 2004 North American Summer Meetings
257, Econometric Society.
- Bag, Parimal Kanti & Sabourian, Hamid, 2005. "Distributing awards efficiently: More on King Solomon's problem," Games and Economic Behavior, Elsevier, vol. 53(1), pages 43-58, October.
- Bag, P.K. & Sabourian, H., 2004. "Distributing Awards Efficiently: More on King Solomon’s Problem," Cambridge Working Papers in Economics 0418, Faculty of Economics, University of Cambridge.
- Olszewski, Wojciech, 2003. "A simple and general solution to King Solomon's problem," Games and Economic Behavior, Elsevier, vol. 42(2), pages 315-318, February.
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